Quote from: CYPER on January 02, 2014, 02:36:28 PM

Quote from: eleuthria on January 02, 2014, 06:06:42 AM

Quote from: CYPER on January 02, 2014, 05:55:40 AM

Quote from: eleuthria on January 02, 2014, 05:49:30 AM

Quote from: CYPER on January 02, 2014, 05:47:29 AM

6 blocks each hour is for the whole network.
For the pool only just calculate 3% out of the total pool speed = 3% * 2700TH/s = 80TH/s
So 80TH/s is around 28 btc per day at current difficulty. But because there are people using PPS, it is more than 30btc a day.
Now imagine what it was 2 difficulty retargets ago. Probably around 50btc a day Wink

Subtract 1% from the 3% fee for orphaned blocks, which are roughly 1 in 100 blocks. And PPS is barely over 10% of the pool now.

And don't "imagine what it was 2 difficulty retargets ago", because BTC Guild was not 2700 TH/s 2 retargets ago.

Why so many orphaned? I can only compare to Bitminter, but they have only 3 for the past 1600+ blocks. Having an orphaned block is pure luck and not related to hashing speed, right?

What was BTCGuild speed 2 retargets ago?

BitMinter has had way more than 3 in the last 1600. I'm curious now what they use to differentiate between "stale" and "orphan" considering those mean the same thing when it comes to blocks. They've had 3 stale+orphan in the last 100, 5 in the last 200, 7 in the last 300.

Smaller pools will have more orphans than larger ones purely because they're less likely to be able to confirm their own orphaned block than a large pool. It's also very common to see random events (1 in 100) show up in clusters, meaning a small sample size can show a much larger (like the 3/100, 5/200, 7/300), or smaller (0/300) occurrence just due to the distribution of random events.

UPDATE: Guild has had 4 orphans in its last 600 blocks, 7 in the last 850. That's not far off from the approximation of 1%, which is what has been estimated by most pools for years.

Bitminter differentiates and pays out Orphaned blocks only. They only 3 for the last 1600 blocks. They never pay for Stale blocks.
According to http://bitcoin.stackexchange.com/ this is the difference: http://bitcoin.stackexchange.com/questions/5859/what-are-orphaned-and-stale-blocks

So does BTCGuild pay for Stale + Orphaned?

And in regards to pool income as of today:
90% PPLNS = ~32BTC a day
10% PPS = ~9BTC a day
minus orphaned blocks
= ~40btc a day

Yeah that is awesome, it's great to see an entrepreneur who started several years ago getting the return on his investment. He has put in all that time and carried the risk, this is capitalism and a free market at it's best. People can mine wherever they want based off their needs for compensation. Whatever they feel is fair. If you're worried about how much he makes, you're not looking at the big picture. It takes a lot to run a pool, it's a business, it has expenses, taxes, legal retainers, all kinds of things you don't get to see behind the scenes. Plus you need to plan and save for growth, emergencies, contingencies, security. It all adds up, does he make a lot, sure, but I'm sure it's well deserved. At the end of the day I'll bet a good portion is going back into keeping things running. You want him to have a large reserve, it means he can weather the storm.